China - everything is fine! But everything is bad ...
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"... The Communist Party puts under control the capital that roamed during the Chinese NEP. Because it is afraid of this capital. The Bukhara slogan of 1925" Get rich, accumulate, develop your economy! " and his interpretation by Deng Xiaoping from 1978 "White cat, black cat ... The main thing is that she catches rats."
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The problem is that the Chinese Communist Party realized that "the people received a lot of freedom, and began to adopt Western freedoms, and consider it natural. This means that there is no totalitarian power, there is no total submission, there is no total control. This means that the weight of the CCP is losing its influence. "
Certainly, a good article. The bottom of it can be described in a couple of sentences: Either you have free market and you benefit from it or you have a controlled economy and you do not benefit from individual entrepreneurship. Not that fully free markets do not come with its own set of problems. For an authoritarian regime, there is an obvious catch: wealthy people have tremendous influence and entrepreneurs do things first and then ask permission or apologize. That is incompatible with the CCP retaining the degree of social control that is required to control power.
The choice is clear: have a poorer China, yet still strong, with a limited ability to create and invent outside the official guidelines thus with a handicap imbedded into their system. Yet that is going to be the choice, because the first rule of politics is "gain power", the second one is "remain in power" and the third one is "in case of doubt, read rules 1 and 2"
Here a nuance was added - the Communist Party of China, having given some freedom for entrepreneurship, and due to its advantageous position to become a manufacturer of everything for everyone, received a very high-quality result. BUT. This also resulted in the growth of "free-thinking", "uncontrolled business", and the emergence of really large private companies that can create noticeable problems for the very same Communist Party of China. And now they have a problem - to further develop the economy with the hands of "free people", or to start "tightening the screws", to transfer everything under state control, to reduce the number of "free independent heads". Well, plus also external factors such as the status of "the birthplace of coronavirus" which is clearly negative in general, and the "Asian Tiger" - which promises a fight in the world market, with not very high positive outcomes